With its patented AI-powered spend-classification engine that learns data idiosyncrasies for entire industries such as automotive, Zycus offers both standard and custom spend taxonomies that can be leveraged to accelerate analysis and drive spend classification accuracy across all categories to 90% and beyond. The complete Zycus Spend Analysis solution (iAnalyze, iCost & iMine) empowers auto companies to:

• Perform powerful multidimensional spend reporting, identify cost-savings opportunities and gain greater control over noncompliant spending
• Identify more opportunities for placing categories such as MRO, services and other fragmented categories under management by procurement
• Track spending in context of global commodity pricing intelligence to create informed category sourcing strategies and formulate independent understanding of total cost drivers in complex subcontract award processes
• Automatically identify and quantify cost-savings opportunities across spend categories (MRO, IT & Professional services etc.) for supply base rationalization, contract compliance improvement, demand aggregation and payment terms rationalization.

The Zycus e-Sourcing solution is built for speed. It collapses sourcing cycle times to ensure continuous supply feeds to production lines and enables automotive companies to take full advantage of favorable commodity market conditions as they arise and drive suppliers to true market pricing using live e-auctions. Capable of modeling competitive sourcing events for everything from simple commodities to highly complex major subassemblies, the Zycus e-Sourcing solution (iSource & iOptimize) empowers auto companies to:

• Quickly build scalable sourcing events and solicit supplier bids from anywhere in the world
• Engage and easily solicit input from knowledgeable and authoritative spend stakeholders
• Analyze complex inputs from suppliers (including nonprice parameters such as quality etc.) & award business both promptly and optimally

With its unique blend of supplier information management, performance management and collaborative performance improvement capabilities, the Zycus Supplier Management solution (iSupplier & iPerform) empowers auto companies to:

• Obtain and maintain accurate and timely information around supplier credentials and certifications in a single structured repository
• Proactively measure supplier performance and risk (financial, operational and reputational)
• Employ KPIs (on time delivery, parts per million etc) customized for automotive supplier categories
• Enhance supplier development programs by comparing supplier performance on SLAs and other contractual obligations (iPerform).

The Zycus Contract Management solution (iContract) minimizes risk exposure in contracts and empowers auto companies to:

• Ensure use of proper standard clauses and important SLAs for a wide variety of purchase types (for example, IT outsourcing, automotive parts etc.)
• Match transactions to contracts to assure utilization and compliance to pricing and other performance terms
• Make sure that contracts are never automatically renewed without proper due diligence
• Track supplier service level agreements (SLAs) against contracts to minimize risk in subcontracting activities
• Reduce supply chain risk by providing a centralized repository for all enterprise contracts and obligations